Energy IPOs aim to hit ASX boards

iSelect is dominating initial public offering talk around town, but there are a few smaller oil and gas hopefuls also aiming to hit the ASX boards.

Unconventional oil play
Strata-X
Energy is meeting with investors next week, as it seeks to raise up to $20 million through Bizzell Capital Partners, BBY and Helmsec Global Capital.

The brokers have told investors the float is already covered for the minimum $10 million, with JP Morgan Natural Resources Fund as a cornerstone investor.

Shares are being offered at 30¢ each. The Australian securities will trade as CHESS depository interests and the are expected to start trading on February 20.

Another hopeful is Swala Energy, an oil and gas exploration company with assets in Kenya and Tanzania.

It is seeking to raise up to $13 million through Foster Stockbroking and Argonaut Securities and is seeking meetings with investors in the week commencing February 4.

Investors were told Swala’s prospectus would be lodged by mid-February with an ASX listing date in late March.

Then there is Cooper Basin energy IPO, Real Energy. Real Energy is seeking to raise $30 million and has already attracted cornerstone support for up to $20 million from OchZiff and funds in the US, according to broker Octa Phillip.